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On April 25, the Rupee had settled at 83.28 against the dollar. | Photo Credit: The Hindu The Rupee depreciated five paise to 83.33 against the U.S. dollar in early trade on April 26, tracking a strong greenback overseas and a positive trend in domestic equities. “However, elevated crude prices in international markets and unabated…
Read More “Rupee declines five paise to 83.33 against U.S. dollar in early trade” »
Image for representation | Photo Credit: Getty Images Food and grocery delivery major Swiggy has received shareholders’ approval for an initial public offering to raise ₹10,414 crore fund through issue of fresh equity shares and an offer for sale, according to sources. A special resolution was passed at an extraordinary general meeting of Swiggy on…
Read More “Swiggy secures shareholders’ nod to raise over ₹10,400 crore via IPO” »
Farmers arrive with fresh stock of white onion at a market in Mahuva, Gujarat. File | Photo Credit: The Hindu In a surprise move, the Union government on Thursday partially relaxed the indefinite ban on onion exports again, paving the way for the “immediate” export of 2,000 tonnes of white onions, primarily grown in Gujarat,…
Read More “Pre-poll sop? 2,000 tonnes of white onion exports allowed” »
Representational file image. | Photo Credit: Velankanni Raj B Budget carrier IndiGo, which has an all-narrowbody fleet, announced its foray into widebody planes with an order of 30 Airbus A350-900 aircraft which are expected to be delivered to the airline from 2027 onwards. In addition to the firm order of 30 A350s, IndiGo said in…
View of Manyata Tech Park in Bengaluru on July 6, 2023. Bengaluru has become a tech hub in recent times. | Photo Credit: Sudhakara Jain Indian engineer B. Ramachandran now prefers living in the smaller cities than the major tech hubs of Bengaluru and Chennai. After the pandemic, the 47-year-old moved to Madurai, a temple…
Read More “Tech companies plug into India’s smaller cities for talent” »
Image used for representative purpose only. | Photo Credit: REUTERS The rupee inched up 1 paisa to close at 83.32 (provisional) against the U.S. dollar on Thursday as the support from positive domestic equities was negated by continued selling pressure from foreign funds. Forex traders said foreign capital outflows also weighed on the rupee. However,…
Read More “Rupee edges up 1 paisa at 83.32 against U.S. dollar” »
A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai. File | Photo Credit: REUTERS Rising for the fifth straight session, equity benchmark Sensex rallied nearly 500 points to reclaim the 74,000 mark while the Nifty closed above the 22,550 level on April…
Read More “Markets extend gains for 5th session; Sensex revisits 74k” »
Representational view of a busy market in Hubballi, Karnataka. India continues to be the fastest-growing major economy | Photo Credit: KIRAN BAKALE Resilient growth, price stability and steady external sector outlook continue to support India’s promising economic performance amid uncertain global conditions, a Finance Ministry report said on Thursday. Overall, India continues to be the…
Representational image of employees at the assembly line of a mobile phone manufacturing plant | Photo Credit: Reuters Semiconductor design initiatives have to be encouraged with improved domestic fundraising opportunities and incentives for using domestically registered intellectual property (IP), the India Cellular & Electronics Association (ICEA) said in a report released Thursday. As China’s semiconductor…
Read More “Emphasise domestic IP, photomask subsidy for semiconductors: ICEA” »
Image for representational purposes only. The story so far: Following its announcement in June 2022 that it will seek better regulation of offline payment aggregators (PAs) facilitating proximity or face-to-face transactions, the Reserve Bank of India (RBI) floated two consultation papers earlier this month. The first deals with activities of offline PAs, while the second…
